The Slowly Shrinking House
The townhouse sector is growing faster than any other. Builders started work on some 120,000 townhouses last year: a 15 percent jump in production over 2017. But some builders are going smaller yet.
The townhouse sector is growing faster than any other. Builders started work on some 120,000 townhouses last year: a 15 percent jump in production over 2017. But some builders are going smaller yet.
Homebuyers who expect their newly built castles to be flawless masterpieces are only fooling themselves: The perfect, zero-defect house has yet to be built. But every builder has a whopper of a story about a big mistake.
Annual gains in improvement and repair spending on the owner-occupied housing stock are projected to continue decelerating through early next year nationwide, according to researchers at Harvard University.
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for February 2018 shows mortgage applications for new home purchases increased 4.6 percent compared to February 2017.
New home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month, according to a report released yesterday by the Mortgage Bankers Association (MBA).